Wrigley Partington

Chartered Accountants & Business Advisors

Capital Gains Tax

Tax and accountancy
  2018-19 2017-18
Taxed as top slice of savings income     
Up to £34,500

10%

10%
From £34,500 (£33,500 in 2017-18) 20% 20%
*Certain residential property is taxed at higher rates of 18%/28% respectively    
     
Annual Exemption Amount    
- individual £11,700 £11,300
- settlement £5,850 £5,650
 
Transfers between spouses and civil partners living together are exempt.
Gains which qualify for Entrepreneurs' Relief or Investors' Relief are charged at 10% for the first "lifetime" £10 million
Various other reliefs may be available for certain assets 
Indexation allowance abolished for individuals after 5 April 2008 and has been "frozen" for companies from 1 January 2018.

 

Address

Wrigley Partington Chartered Accountants

Sterling House

501 Middleton Road

Chadderton, Oldham

OL9 9LY